[00:00:04]
I WOULD LIKE TO CALL THE COURT THE LONG BEACH.
MADE THE INVESTMENT COMPANY MEETING FOR WEDNESDAY, SEPTEMBER 18TH, 2024.
MADAM SECRETARY, PLEASE CALL THE LAW.
VICE CHAIR DELGADO WILL NOT BE JOINING THIS DIRECTOR CHAMBERS PRESENT.
UH, MAY I VOLUNTEER DIRECTOR CHAMBERS TO LEAD P RES? OF COURSE.
YOU GOT YOUR READY TO BEGIN THE FLAG.
THE UNITED STATES OF AMERICA REPUBLIC FOR WHICH STANDS? ONE NATION UNDER, UNDER GOD, INDIVISIBLE, LIBERTY, JUSTICE WORLD.
UM, THE, SO IT'S, UM, RECOMMENDATION SHOULD BE SEEN AND FILED THE PRESIDENT'S REPORT.
MAY I HAVE A MOTION TO HEAR THIS ITEM? SO MOVED.
IT HAS BEEN MOVED BY DIRECTOR CHAMBERS.
MAY WE TALK TO PRESIDENT'S REPORT? UM, GOOD AFTERNOON, EVERYONE.
JUST, UH, TWO, UH, LITTLE THINGS FROM, UH, MEGAN AND I.
SO THE FIRST, UM, WE HAD A GRAND OPENING, UM, FOR, UH, MERCY'S PROJECT ON PCH TODAY, AND IT WAS GREAT.
UH, IT WAS GREAT BECAUSE IT WAS A GOOD EVENT, BUT ALSO BECAUSE, UM, WE HAD A LOT OF MEDIA, UH, COVERAGE, WHICH WE DON'T ALWAYS GET.
AND IT'S GREAT TO HAVE, UM, RECOGNITION OF THE IMPORTANT WORK, UM, THIS QUALITY DOES AND THE CITY DOES FOR AFFORDABLE HOUSING.
UM, THE SECOND IS JUST A HOUSEKEEPING THING, BUT REALLY IMPORTANT HOUSEKEEPING THING.
SO, UM, YOU SEE THAT BIG, UH, PAPER PACKET IN FRONT OF YOU.
WE'RE GONNA STOP, UM, PRINTING PAPER PACKETS, BUT IF YOU WANT ONE, WE'D BE GLAD TO TAKE ONE FOR YOU.
SO, UM, STARTING AT OUR NEXT MEETING, UM, THERE WILL NOT BE A PAPER PACKET UNLESS YOU EMAIL OR CALL MONICA AND LET HER KNOW YOU WANT TO CONTINUE, UM, RECEIVING PAPER.
UM, BUT AS YOU KNOW, YOU, YOU RECEIVE THE ELECTRONIC ONE BY EMAIL, UM, AND IT'S ON OUR WEBSITE, SO WE'RE GONNA MAKE THAT A LITTLE CHANGE GOING FORWARD.
AND THEN IN TERMS OF OUR NEXT MEETING, UM, IT WON'T BE ON THE NORMAL DATE, SO WE'RE GONNA WORK WITH ALL OF YOU, UM, TO MOVE THAT MEETING UP, UM, AT LEAST A WEEK, UH, IN ORDER TO MEET SOME, UM, FUNDING, UH, DEADLINES FOR, FOR, UM, GRANTS THAT WE'RE APPLYING FOR.
I THINK WE'RE READY FOR THE NEXT ITEM.
UH, WE'LL NOW TAKE PUBLIC COMMENT ON THIS.
ANYONE WOULD LIKE TO SPEAK TO STAND? YES.
MEMBERS OF THE BOARD, ARE THERE ANY DISCUSSION?
MADAM SECRETARY, PLEASE CALL FOOT VOTE.
THE NEXT ITEM, DIRECTOR, RECOMMENDATION TO APPROVE THE MINUTES FOR THE LONG BEACH COMMUNITY INVESTMENT COMPANY MEETING OF AUGUST 21ST, 2024.
MAY I HAVE A MOTION TO APPROVE THE MINUTES? SO MOVED.
THAT HAS BEEN MOVED BY DIRECTOR SIDES AND SECONDED BY DIRECTOR CHAMBERS THERE.
ANY DISCUSSION ON THIS ITEM? OKAY, WE'LL NOW TAKE PUBLIC COMMENT ON THIS ITEM.
DIRECTOR MINUTES, 10 MINUTES? YES.
THANK YOU MADAM SECRETARY, PLEASE.
ITEM, THE SECOND ITEM IS RECOMMENDATION TO APPROVE A TOTAL LOAN OF 5 MILLION TO INCLUDE 1,500,000 IN PERMANENT LOCAL HOUSING ALLOCATIONS FUNDS, AND 3,500,000 IN COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS TO CENTURY AFFORDABLE DEVELOPMENT INC.
FOR THE ACQUISITION OF THE PROPERTY LOCATED AT 1 4 0 1 LONG BEACH BOULEVARD.
AUTHORIZE THE PRESIDENT TO NEGOTIATE AN ACQUISITION, ONLY PREVENT WITH SENT AND AUTHORIZE THE PRESIDENT OBJECT, EXECUTE
[00:05:01]
ANY AND ALL DOCUMENTS NECESSARY TO IMPLEMENT THE LOAN AGREEMENT AND THE PROJECT.MAY I HAVE A MOTION TO HEAR THIS ITEM MOVE? I'LL SECOND.
UM, SO IT'S BEEN MOVED BY DIRECTOR SECONDED BY DIRECTOR RAMIREZ MAY COPY THE REPORT.
THIS ITEM IS A REQUEST FOR APPROVAL OF LOAN TO CENTURY AFFORDABLE DEVELOPMENT FOR THE ACQUISITION OF 1401 LONG BEACH BOULEVARD.
PREVIOUS LONG BEACH COMMUNITY INVESTMENT COMPANY ACTION.
ON NOVEMBER 15TH, 2023, THE LONG BEACH COMMUNITY INVESTMENT COMPANY AUTHORIZED AN AGREEMENT TO NEGOTIATE EXCLUSIVELY WITH CENTURY AFFORDABLE DEVELOPMENT AND AN AWARD OF UP TO $5 MILLION FOR THE DEVELOPMENT OF A 153 UNIT AFFORDABLE HOUSING PROJECT LOCATED AT 1401 LONG BEACH BOULEVARD.
THIS SLIDE SHOWS THE LOCATION OF THE DEVELOPMENTS ON THE CORNER OF 14TH AND MON BEACH BOULEVARD IN THE CITY'S MIDTOWN PROJECT AREA.
THIS WILL BE A 100% AFFORDABLE FAMILY HOUSING PROJECT, SERVING HOUSEHOLDS EARNING BETWEEN 30% AND 60% OF AREA MEDIUM TO INCOME.
THE UNIT MIX WILL INCLUDE 74 1 BEDROOM UNITS, 42 BEDROOM UNITS, 39 3 BEDROOM UNITS FOR A TOTAL OF 153 UNITS.
30 UNITS WILL BE RESERVED FOR A SPECIAL NEEDS POPULATION.
AND THE SIX STORY BUILDING WILL INCLUDE TWO COURTYARDS, PLAY STRUCTURE, BARBECUE AREA, COMMUNITY ROOM, FITNESS AND YOGA ROOM, AND THE BIKE STORAGE.
AND THIS SLIDE JUST SHOWS A RECENT RENDERING OF THE PROPOSED PROJECT UPDATES ON DEVELOPMENT AND FINANCIAL PLAN.
SINCE EXECUTION OF THE ENA, THE DEVELOPMENT PLANS HAVE BEEN SUBMITTED AND WERE REVIEWED BY THE SITE PLAN.
REVIEW COMMITTEE CENTURY HAS ALSO SECURED THE FOLLOWING FUNDING 17 MILLION IN AFFORDABLE HOUSING.
SUSTAINABLE COMMUNITIES FUNDS 10.8 MILLION FROM THE LOS ANGELES COUNTY DEVELOPMENT AUTHORITY AND 1.9 MILLION IN GATEWAY CITIES AFFORDABLE HOUSING TRUST FUNDS.
CENTURY APPLICATION OBTAINING A PERMANENT LOAN OF 18, SORRY.
CENTURY ANTICIPATES OBTAINING A PERMANENT LOAN OF 18,000,015 APPLIED FOR 4% LOW INCOME HOUSING TAX CREDIT, 10 BUCKS.
UM, CENTURY HAS REQUESTED THAT THE L-B-C-I-C LOAN BE USED FOR ACQUISITION OF THE PROJECT SITE USING THE L-B-C-I-C LOAN TO ACQUIRE THE SITE TO REDUCE LAND CARRYING COSTS AND LOWER THE FINANCIAL GAP OF THE PROJECT.
THE L-B-C-I-C HAS BEEN ALLOCATED SUFFICIENT FUNDS FROM A PERMANENT LOCAL HOUSING ALLOCATION PROGRAM AND THE COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM TO PROVIDE THE LAW TO CENTURY AT THIS TIME DISPERSING THE FUNDS AHEAD OF CONSTRUCTION WILL ENSURE THAT BOTH THE PLHA AND CDBG EXPENDITURE REQUIREMENTS ARE FULFILLED.
SO THE RECOMMENDATION TODAY IS TO APPROVE A TOTAL LOAN OF $5 MILLION TO INCLUDE 1.5 MILLION IN PERMANENT LOCAL HOUSING ALLOCATION FUNDS AND 3.5 MILLION IN COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS TO CENTURY REPORTABLE DEVELOPMENT FOR THE ACQUISITION OF THE PROPERTY AT THE 1401
THIS CONCLUDES THE PRESENTATION.
UM, WE ALSO HAVE WITH THE STATE JORDAN JOHNSON FROM CENTURY, UH, MR. JOHNSON AND I ARE AVAILABLE TO ANSWER ANY QUESTIONS.
WE'LL NOW TAKE PUBLIC COMMENT ON THIS ITEM AND IF ANYONE WOULD LIKE TO SPEAK TOAND.
IS THERE ANY DISCUSSION ON THIS ITEM? YES.
THE $5 MILLION, THE TOTAL PURCHASE PRICE OR IS SOMEBODY ELSE PARTICIPATING IN THIS IN LOANING MONEY AS WELL? UM, THE PURCHASE PRICE IS 6.5 MILLION, SO THERE'S TWO LOANS AND ENTRY ALSO PUT SOME CASH IN.
SO THIS IS GONNA TAKE OUT COMPLETELY, UM, A 4.5 BILLION LOAN AND PARTIALLY A SECOND NOTE THAT WAS TO PURCHASE THIS SITE.
SO BY DOING THAT, IT WILL ALSO THEN ELIMINATE THE INTEREST CARRY THAT WE'LL HAVE MOVING FORWARD, MAKING THE PROJECT MORE FEASIBLE TO.
AND SO THE $5 MILLION IS L BBC'S TOTAL COMMITMENT TO THE PROJECT.
SO ONCE WE EXPEND THE 5 MILLION THAT OUR PORTION IS OVER, CORRECT.
ARE ALL THE UNITS AFFORDABLE OR ANY THE MARKET RATE? UM, A HUNDRED PERCENT AFFORDABLE WAS 153 UNITS.
TWO OF THEM ARE RESERVED FOR, UH, STAFF, A PROPERTY MANAGER AND A MAINTENANCE TECHNICIAN.
AND THE OTHER 151 ARE ALL AFFORDABLE.
AND I HAVE A COUPLE QUESTIONS TOO.
UM, SO THE FUNDS THAT COMMITTED BEFORE THEY WEREN'T USED AND SO WE'RE JUST REALLOCATING 'EM.
[00:10:01]
IS THE ACTUAL APPROVAL OF A LOAN FORM FOR THE EXCLUSIVE NEGOTIATING AGREEMENT THAT FUNDS CAN CHANGE.AND THEN COMMENT, I APPRECIATE THE MIX OF UNITS, WHICH IS REALLY NICE.
SOMETIMES WE ALWAYS SEE LIKE ONE BEDROOM OR STUDIO ELEMENT.
IT'S NICE TO SEE THE TWO AND THREE QUESTION, DURATION, CONTRACT, CONSTRUCTION DURATION.
WHEN DO YOU ANTICIPATE OPENING? UM, RIGHT NOW, UH, ANTICIPATE THAT CONSTRUCTION WOULD START IN EARLY 2026.
UM, PROBABLY IT WOULD PROBABLY BE A 26 MONTH CONSTRUCTION PERIOD.
OPTIMISTIC, BUT ALSO FEASIBLE.
ANY FURTHER COMMENTS OR QUESTIONS? UM, MADAM SECRETARY OF MILLER CALL FOR VOTE.
DIRECTOR CHAMBERS? YES, THANK YOU.
DIRECTOR SIDES? YES, THANK YOU.
MOTION PASSES MADAM SECRETARY PLEASE.
THE RECORD RECOMMENDATION TO APPROVE THE SELECTION OF NEW PHILLY COMMUNITY DEVELOPMENT CORPORATION FOR AN AWARD A COMMUNITY HOUSING DEVELOPMENT ORGANIZATION FUNDS IN THE AMOUNT OF UP TO $700,000 AND AUTHORIZE A PRESIDENT OR DESIGNATE TO ENTER INTO AN AGREEMENT TO NEGOTIATE EXCLUSIVELY WITH NEW PHILLY FOR THE ADAPTIVE RESOURCE DEVELOPMENT OF AFFORDABLE RENTAL HOUSING UNITS.
LENE MEDINO WILL BE GIVING THE STAFF REPORT HERSELF, HER HOUSING DEVELOPMENT OFFICER, AND I THINK IT'S APPROPRIATE SHE'S WORKED VERY HARD WITH THIS GROUP, UM, TO HELP MAKE THEM BECOME A CHODO.
AND IT'S BEEN A LONG PROCESS, BUT WE APPRECIATE, UH, HER AND ME ALL WORKING TOWARDS THIS GOAL THAT WE HAVE OF INCREASING CHOTO.
AND THEN GOOD AFTERNOON BOARD.
WE HAVE, OKAY, MAY I HAVE A MOTION? OKAY.
AND NOW MAY WE HAVE A RECORD?
UH, THE ITEM BEFORE YOU IS AN AWARD OF COMMUNITY HOUSING DEVELOPMENT, ORGANIZATIONAL FUNDS AND AUTHORIZATION TO EXECUTE AN AGREEMENT TO NEGOTIATE EXCLUSIVELY WITH NEW FAMILY COMMUNITY DEVELOPMENT CORPORATION FOR THE ADAPTIVE RE YEARS, RE YEARS DEVELOPMENT OF AFFORDABLE RENTAL HOUSING.
UH, SO IN COLLABORATION WITH THE L-V-C-I-C, CITY OF LONG BEACH STAFF HAS WORKED IN RECENT YEARS TO BRING NEW DEVELOPERS AND NEW TYPES OF AFFORDABLE HOUSING DEVELOPMENTS TO THE CITY.
UM, THIS PROPOSED AWARD FOR YOU FURTHERS ALL THOSE SHARED CALLS.
UH, THERE WAS A NO FOR RELEASE IN JULY 17TH, 2023, UM, FOR THE AMOUNTS OF 12.7 MILLION INCLUDED IN THE FOLLOWING FUNDING, WHICH WAS 10 MILLION
THE ELIGIBLE USE UNDER THE
SO DESPITE RECEIVING SIX, UH, PROPOSAL FIGHT WITH SEPTEMBER 18TH, EXACTLY A YEAR FROM NOW, FROM TODAY, ONLY ONE PROPOSAL FROM NEW PHILADELPHIA, AFRICAN METHODIST AT THE ATAL CHURCH, WHICH WE CONSIDER, WE CALL IT NEW PHILLY, A E REQUESTED SHUTTLE FUNDING.
SO CHOROS ARE SPECIALIZED NON-PROFITS, COMMUNITY BASED SERVICE ORGANIZATIONS THAT MUST MEET SPECIFIC CRITERIA REGARDING THEIR LEGAL STATUS, ORGANIZATIONAL STRUCTURE AND CAPACITY EXPERIENCE.
SO ALTHOUGH
UM, SO WHEN I MENTIONED THAT STAFF WORKS DILIGENTLY, I MEAN THAT WE SPENT ABOUT A YEAR PROVIDING TECHNICAL SUPPORT TO ENSURE THAT THE NEW CHO ESTABLISHED WAS ESTABLISHED ACCORDING TO HEALTH'S REQUIREMENTS, WHICH ARE VERY STRINGENT MOVE, YOU KNOW, BECAUSE THE CITY HAS TO CONFIRM THAT THEY NEED ALL OTHER CORE CRITERIA, UM, AND NEW FURTHER CAN ATTEST TO THAT.
[00:15:01]
SO NEW FAMILY'S PROPOSAL IS AN INNOVATIVE ADAPTIVE REUSE DEVELOPMENT THAT TRANSFORMS A TWO STORY VACANT SCHOOL BUILDING INTO NINE RESIDENTIAL UNITS LOCATED AT 63 80 ORANGE AVENUE.THE PROPOSED DEVELOPMENT WILL PROVIDE ONE, TWO, AND THREE BEDROOM HOMES TO NINE VERY LOW AND LOW INCOME FAMILIES ADJACENT TO THE NEW FAMILY A CHURCH.
UM, TO THE LEFT YOU SEE THE SIDE, WHICH THE SIDE IS IN THE CORNER OF 64TH AND ORANGE TO THE RIGHT, YOU SEE THE PICTURE OF THE VACANT.
UM, SO THE RECOMMENDATIONS BEFORE YOU IS TO APPROVE THE SELECTION OF MUTUALLY FOR AN AWARD OF TOTAL FUNDS IN THE AMOUNT OF UP TO 700,000.
SO THIS AWARD QUALIFIES FOR NEW DEVELOPER TO USE HOUSING DEVELOPMENT FUNDS,
AND THE SECOND RECOMMENDATION IS TO AUTHORIZE A PRESIDENT OR DESIGNEE TO ENTER INTO AN AGREEMENT TO NEGOTIATE EXCLUSIVELY WITH NEW NEWLY FOR THE ADAPTIVE REUSE DEVELOPMENT OF THE AFFORDABLE HOUSING RENTAL PROJECT.
THIS CONCLUDES MY PRESENTATION.
UM, AND WE HAVE REPRESENTATIVE FROM, IF YOU HAVE ANY QUESTIONS, PASTOR WALKER.
PASTOR MARK, I WILL NOW COUPLE PUBLIC COMMENT ON THIS ITEM AND IF ANYONE WOULD LIKE TO SPEAK, PLEASE STAND.
MEMBERS OF THE BOARD, IS THERE ANY DISCUSSION ON THIS ITEM? I HAVE A QUESTION.
WILL YOU TWO, WILL CHURCH ACT AS A DEVELOPER IN THIS? YES.
DO YOU UNANIM THE DESIGN OF CONSTRUCTION? YES, WE ARE.
WE'RE, UH, OUR STRATEGIC PARTNERS ARE GRANT HOUSING, AMERICAN FAMILY HOUSING, WHICH IS DONE ON THE PROJECTS IN LONG BEACH.
SO WE'LL ADD THIS TO THE CAPITAL ATTACK WITH CIP TO BE ABLE TO COMPLETE PREDEVELOPMENT PERMITS.
AND WE HAVE A COMMITMENT FROM FIRST BANK NOW FOR THE CONSTRUCTION AS WE DEVELOP THIS.
SO WE'LL COME BACK TO YOU ALL THIS WORK COMPLETING THAT.
WE'VE DONE MOST OF THE PRE-WORK OF THE PLANNING DEPARTMENT ALREADY, AND WE HAVE TWO AND THREE BEDROOMS AS WELL FOR FAMILIES.
EVEN THOUGH IT'S A SMALL DEVELOPMENT, WE WANTED TO BE FOCUSED ON FAMILIES AS A CHURCH.
AND SO WE'VE ADDED THOSE UNITS.
SO WE'LL BE FOR OPEN TO PRIMARILY MEMBERS OF THE CHURCH OR MEMBERS OF THE COMMUNITY.
AND WITH THESE FUNDS, IT HAS TO BE OPEN.
THEY COULD NOT BE DESIGNATED FOR SECOND LEARN
AND WHAT DO YOU ANTICIPATE THIS COMING ALONG SINCE WE'VE DONE SO MUCH OF THE WORK WITH THE PLANNING DEPARTMENT ALREADY? UM, WE EXPECT TO BE ABLE TO BE PERMITTED, UH, IN THE NEXT SIX MONTHS.
MUCH LIKE YOUR DEPARTMENT, THE PLANNING DEPARTMENT HAS GONNA ALLOW FREE WORK WITH US ONGOINGLY, INCLUDING INCLUDING US IN THE COMMUNITY.
THE CONVERSATIONS ABOUT THE CHANGE IN THE COMMUNITY PLANS, SO ABOUT SIX MONTHS TO PERMITS, ABOUT 18 MONTHS FOR CONSTRUCTION.
IT'S A ADAPTIVE REUSE OF A GREAT CURRENT STRUCTURE.
SO IT COULD BE LESS THAN 18 MONTHS, BUT SIX MONTHS TO PERMITS, 18 MONTHS TO, TO COMPLETE CONSTRUCTION.
AND FOR ME, JUST A COMMENT THAT I DO REALLY ENJOY THAT YOU GUYS ARE TARGETING VERY WELL BECAUSE MOST OUR PROJECT ACTUALLY OUR PRAYERS THAT WE CAN BECOME A MODEL WITH THIS ONE.
ANY FURTHER COMMENTS OR QUESTIONS? I DON'T FEEL LIKE I DID A GOOD ENOUGH JOB OF EMPHASIZING, BUT THIS WAS A HUGE GOAL OF OUR BOARD.
SO THIS IS, THIS IS NOT JUST HOUSING IN ACTION, BUT COMMUNITY DEVELOPMENT IN ACTION.
AND IT WAS ONE OF OUR GOALS TO HELP, UM, RELIGIOUS INSTITUTIONS BECOME CHODOS AND USE THEIR LAND TO DEVELOP A PORTABLE HOUSING FOR THEIR MEMBERS AND THE GREATER COMMUNITY.
SO THE LAST YEAR, AGAIN, I DON'T HAVE TOW HER, HER HORN, SHE DOESN'T DO ENOUGH OF HER OWN BRAGGING, BUT, UM, SPENT A LOT OF TIME COACHING AND TRAINING TO UNDER TRAINER HALF.
SO BIG ACCOMPLISHMENT, EVEN THOUGH WE'RE ONLY HALFWAY THERE, RIGHT.
WE'RE JUST APPROVING AN ENA AND WE'LL BE BACK TO APPROVE THE ACTUAL LOAN ONCE THE PERFORM WILL SETTLED IN.
BUT WE'RE, WE'RE HALFWAY AND THEN THE PROJECT WILL BE THE OTHER HALF, SO IT'LL BE A REALLY BIG, BIG ACCOMPLISHMENT FOR THE LBCC.
WE WISH WE COULD PUT A CAPE ON HER BECAUSE WITHOUT HER IT WOULD NOT HAVE BEEN POSSIBLE.
YOU KNOW, WE'RE JUST A SHIRT, SO WE'RE BEYOND GRATEFUL.
OKAY, MADAM SECRETARY, THE DIRECTOR.
THANK YOU, DIRECTOR RECOMMENDATION TO APPROVE THIS SELECTION OF LINK HOUSING CORPORATION FOR THE AWARD OF HOME FUNDS IN THE AMOUNT OF UP TO 5 MILLION
[00:20:01]
AND AUTHORIZE A PRESIDENT OR DESIGNEE TO ENTER INTO AN AGREEMENT TO NEGOTIATE EXCLUSIVELY WITH LIEN FOR THE CONSTRUCTION OF A AFFORDABLE RENTAL HOUSING UNITS.MAY I HAVE A MOTION IN HERE? THIS ITEM.
SO MOVED AND I'LL SECOND, UH, HAS BEEN MOVED BY DIRECTOR CHAMBERS BY DIRECTOR RAMIREZ.
MICHELLE STAAVA WILL BE GIVING THIS REPORT AS WELL.
THIS ITEM IS A REQUEST TO AWARD HOME FUNDS AND AUTHORIZATION TO EXECUTE AN AGREEMENT TO NEGOTIATE EXCLUSIVELY WITH LINK HOUSING.
ON JANUARY 30TH, 2024, STAFF PUBLISHED A NOTICE OF FUNDING AVAILABILITY FOR $5 MILLION IN HOME FUNDS.
THE HOME PROGRAM IS A FEDERAL BLOG GRANT DESIGNED TO EXPAND THE SUPPLY OF DECENT, SAFE, AFFORDABLE HOUSING FOR LOWER INCOME HEALTH ELIGIBLE USES OF HOME FUNDS INCLUDE CONSTRUCTION OF NEW AFFORDABLE HOUSING UNITS ACQUISITION AND OR THE REHABILITATION OF PREVIOUSLY UNRESTRICTED UNITS.
ON APRIL 5TH, 2024, STAFF RECEIVED FIVE PROPOSALS IN RESPONSE TO THE NOFA WATERFORD PROPERTY COMPANY.
SUBMITTED A PROPOSAL FOR 82 NEW UNITS AT 52 53 LONG BEACH BOULEVARD, I-H-O-C-E-D-C AND CCDF.
I SUBMITTED A PROPOSAL FOR 74 NEW UNITS AT 7 37 PINE AVENUE IN HOUSING.
SUBMITTED A PROPOSAL FOR 69 UNITS AT 35 90 HOME AVENUE.
SJ JJ GROUP SUBMITTED A PROPOSAL FOR REHABILITATION FOR THE COMMERCIAL BUILDING INTO 20 AFFORDABLE AND 20 MARKET RATE UNITS.
AT 9 99 ATLANTIC AVENUE AND CENTURY AFFORDABLE DEVELOPMENT SUBMITTED A PROPOSAL FOR 109 UNITS AT 68 0 1 ATLANTIC AVENUE, EVALUATING AND RANKING THE PROPOSALS.
A SELECTION COMMITTEE WAS FORMED TO REVIEW AND RANK THE PROPOSALS BASED ON THE DEVELOPER'S EXPERIENCE AND QUALIFICATIONS, THE PROJECT BUDGET SOURCES AND USES OF FUNDS, WHETHER THE PROJECT WAS LOCATED IN THE HIGHER RESOURCE AREA AND OR DESIGNED TO BE A FAMILY PROJECT, PROJECT READINESS AND THE OVERALL SCOPE OF DEVELOPMENT.
THE PROPOSAL RECEIVED FROM LINK WAS FOR THE DEVELOPMENT OF 69 NEW AFFORDABLE FAMILY UNITS AT 35 90 ELM AVENUE.
AND THIS PROPOSAL RECEIVED THE HIGHEST SCHOOL.
THE PROPOSED DEVELOPMENT INCLUDES SIX STUDIO UNITS, 18 ONE BEDROOM UNITS, 23 2 BEDROOM UNITS, AND 22 3 BEDROOM UNITS.
68 OF THESE UNITS WILL BE SERVED HOUSEHOLDS TURNING UP TO 80% AREA MEDIUM INCOME, AND ONE UNIT WILL BE RESERVED FOR AN ONSITE MANAGER.
THE DEVELOPMENT WILL ALSO INCLUDE COMMUNITY, OPEN SPACE, LAUNDRY FACILITIES, AND THE COMMUNITY ROOM.
THIS SLIDE SHOWS THE LOCATION OF THE PROPOSED DEVELOPMENT ON THE CORNER OF ELM AVENUE AND 36TH STREET IN THE BIXBY KNOWLES NEIGHBORHOOD OF LONG BEACH.
THE CALIFORNIA TAX CREDIT ALLOCATION COMMITTEE HAS DESIGNATED DISLOCATION AS A HIGH RESOURCE REGION.
THE RECOMMENDATION TODAY IS TO APPROVE THIS SELECTION OF THE HOUSING CORPORATION FOR AN AWARD OF HOME FUNDS AND THE AMOUNT OF UP TO $5 MILLION AUTHORIZED THE PRESIDENT OR DESIGNEE TO ENTER INTO AN AGREEMENT TO NEGOTIATE EXCLUSIVELY WITH LINK FOR NEW CONSTRUCTION OF AFFORDABLE RENTAL HOUSING UNITS.
AND WE ALSO HAVE WITH US TODAY BEN NORRIE FROM LINK HOUSING CORPORATION.
ADDRESS ORDER OR YEAH, JUST SAY I MIGHT BE NEW TO UH, LINK.
I'M GONNA BE CHAMPION OF THIS PROJECT, BUT I DON'T THINK LINK IS, UH, ANYTHING NEW TO THE CITY OF LONG BEACH.
SO THINK THIS PROJECT JUST SHOWS, UH, THAT LINK IS STRENGTHENING, IT TIES TO THE COMMUNITY AND CONTINUING THE MISSION TO CREDIT AFFORDABLE HOUSING, UH, HERE SPECIFICALLY HERE IN LONG BEACH, BUT ACROSS, ALSO ACROSS CALIFORNIA.
IF YOU HAVE ANY QUESTIONS, WE'RE AVAILABLE IF THERE'S ANY QUESTIONS.
UH, WE'LL NOW TAKE PUBLIC COMMENT ON THIS ITEM.
IF ANYONE WOULD LIKE TO SPEAK, PLEASE STAND.
IS THERE ANY DISCUSSION ON THIS ITEM? I HAVE A QUESTION.
MM-HMM,
WE, UH, EXPECT THAT IT'LL BE A LESS, UM, CONTESTED AREA.
UM, HAVEN'T HEARD ANYTHING YET.
SO THERE'S A LOT MORE MULTIFAMILY DEVELOPMENT AND IT'S A, IT'S, UM, UH, ALSO ALMOST A MILE AWAY FROM CAL HEIGHTS NEIGHBORHOOD.
SO, UM, WE DON'T HAVE THE HISTORIC ASPECT, UM, ADJACENT.
AND AGAIN, THERE'S JUST A LOT MORE MULTI-FAMILY, UM, DEVELOPMENTS ON THOSE BLOCKS, BUT THIS DOES NOT HAVE ANYTHING TO DO.
IT DOESN'T SUBSTITUTE FOR ABSOLUTELY NOT JUST A GENERAL QUESTION.
WHEN FUNDS
[00:25:01]
TYPICALLY BACK TO THAT FOR, SINCE WE'RE GONNA BE UTILIZING FUNDS.IT DEFINITELY DOES DO PROVIDE FEDERAL REQUIRE.
SHE LOVES RI PREFER JUST SAYING YES, IT DOES.
UM, IT'S REFRESHING TO SEE A DEVELOPER KIND OF PUTTING THEIR MONEY WHERE THEIR MOUTH IS AND HAVING THE HOUSING CONSTRUCTION PROJECT ON TOP OF YOUR HEADQUARTERS.
IT'S BEEN A VISION FOR, UH, LANE FOR A WHILE.
SO I'M, I'M HAPPY TO BRING SOME LIKE FRESH BLOOD TO IT, GET IT MOVING, AND I THINK THIS IS AN ACCEPTED TO DOING IT.
SAVE YOU LUCK FOR, UH, MOVING THIS.
HELP ME MOVE THIS COUNTRY FORWARD AND THEN MORE OF A QUESTION.
CAN WE DO ANYTHING ABOUT THAT ROAD? BECAUSE THAT ROAD IS AWFUL WITH THE PARKING DOWN THE MIDDLE.
YEAH, I DON'T, NOT MY FAVORITE.
UH, YEAH, IT'S A BIG OLD MESS, SO I'M NOT GONNA MAKE A PROMISE THAT WE CAN'T.
UM, SO I DON'T KNOW THAT WE, BUT I THINK THE GIANT CRATERS IN THE ROAD
SO THAT'S A COUPLE YEARS FROM NOW.
BUT TYPICALLY AS PART OF THE PUBLIC WORK BE PROCESSED, YOU HAVE TO REBUILD ADJACENT INFRASTRUCTURE.
SO THAT WOULD MEAN, UM, THAT ROAD FOR THE OTHER WORK, UH, ALL OF THOSE OFF SITES.
SO, UM, IT'S, IT'S, THAT'S ONE ADDITIONAL.
ANY OTHER QUESTIONS? MAY DIRECTOR CHAMBERS? YES.
MOTION, UH, MADAM SECRETARY, PLEASE READ YOUR NEXT STUDY.
THAT WAS OUR FINAL LINE FOR TODAY.
AT THIS TIME, YOU'LL NOW TAKE NON, UH, NON AGENDA, PUBLIC COMMENT.
IF ANYONE WOULD LIKE TO SPEAK, PLEASE STAND.
UM, SO, HELLO, MY NAME IS KIM FAYE.
UH, I'M THE HOUSING DIRECTOR FOR A CORPORATE FOUNDATION.
UM, JUST USING THIS AS AN OPPORTUNITY TO SPEAK TOWARDS, UH, A NEW ADDITION TO THE STOCK OF HOUSING WITHIN, UH, CITY OF LONG BEACH, OCTOBER 23RD.
THIS IS A FORMAL APPLICATION TO THE OPENING OF THE FUTURE FIRST TRANSITIONAL, UH, YOUTH, UH, SHELTER.
IT'S A DEVELOPMENT THAT WE'VE BEEN WORKING ON, UH, THE LAST COUPLE MONTHS.
MYSELF, PERSONALLY, MY TEAM AT THE FOUNDATION.
UM, PREVIOUSLY WE HAVE A CURRENT CONCURRENT, UH, CONTRACT WITH THE SEA OF LONG BEACH, UH, IN RELATION TO THE TRANSITIONAL AGE YOUTH SHELTER THAT'S SUPPOSED TO BE DEVELOPED BY 1718 A STREET.
UM, FOR THOSE THAT WERE AT THE RIBBON CUTTING, UH, THAT WASN'T A PLACE THAT WAS, UH, HACKABLE.
AND SO WHILE THAT HAS BEEN GOING THROUGH, UH, THE PREVAILING WAGE JOURNEY, UH, WE QUICKLY REALIZED THAT WE STILL HAVE YOUTH THAT ARE HOMELESS THAT NEED A PLACE TO LIVE.
AND SO, UH, WE JUST USE SOME PRIVATE FUNDS AND THE PUBLIC FUNDS TO OPEN THAT UP, UH, IN, UH, THE CENTRAL LONG BEACH, UH, NEIGHBORHOOD 1489 ATLANTIC.
AND SO WE WILL BE HOUSING 24 YOUTH, UH, AT RISK YOUTH JUSTICE IMPACT YOUTH, UH, AT THIS LOCATION, YOU'RE ALL FORMALLY INVITED TO COME AND, AND WITNESS, UH, PRIVATE DOLLARS AT USE.
AND, UH, PEOPLE FROM THE COMMUNITY GET AN OPPORTUNITY TO HAVE SUBSTANCE ABUSE COUNSELING, JOB PLACEMENT SERVICES, UH, AS WELL AS CASE MANAGEMENT.
WHAT MOST TRULY, AND, UH, WE JUST, WE WANT TO BE PARTNERS.
WE WANNA SHOW YOU WHAT WE DO WITH OUR, OUR HOMEOWNER SO THAT HOPEFULLY WE CAN USE SOME OF YOUR GUYS' MONEY
CAN YOU SAY THE TIME? YEAH, THE TIME IT'S TENTATIVE.
BUT YOU'LL ALL BE SENT, UH, AND, AND DUE TIME TO, YOU KNOW, WE'RE, WE'RE THE MAY, WE'RE WAITING ON MAY.
SO ONCE WITH NEAR, LETS US KNOW.
I CAN LET ALL OF OUR PARTNERS.
SO POTENTIAL PARTNERS
YOU, NOW THAT YOU KNOW HOW TO, OKAY.
ARE THERE ANY ANNOUNCEMENTS FROM THE FOURTH?
[00:30:03]
WE HAVE SOME ANNOUNCEMENTS ON THE STAFF SIDE.UM, SO I'M GONNA TURN IT OVER TO PARKER MADOCK.
UM, I HAVE A, UM, COUPLE OF, UM, GOOD NEWS STORIES TO SHARE WITH YOU ABOUT OUR HOUSING AND NEIGHBORHOOD SERVICES BUREAU PROGRAMS. UM, ONE OF THEM IS, UH, OUR NEIGHBORHOOD LEADERSHIP PROGRAM.
JUST HAD OUR 30TH GRADUATION ANNIVERSARY, UM, LAST MONTH.
AND, UM, I WANT TO THANK ALEJANDRO FOR COMING TO GRADUATION.
AND WE HAD, UM, 33, UH, RESIDENTS OF LONG BEACH WHO GRADUATED FROM THE PROGRAM.
UM, AS PART OF THEIR TRAINING, THEY COMPLETED FOUR CLASS PRO MINI PROJECT, FOUR CLASS PROJECTS, UH, ACCESSING, UH, $1,000 MINI GRANTS, UM, FOR PROJECTS ALONG THE DR. MARTIN LUTHER KING JR AVENUE CORRIDOR.
AND SO THEY COMPLETED A COMMUNITY CULTURAL EVENT, AN ENVIRONMENTAL PEDESTRIAN SAFETY EVENT FOR KIDS AND A DAY IN THE PARK, UM, UM, TO LEARN ABOUT FREE AND LOW COST, UH, RECREATION ACTIVITIES FOR FAMILIES.
AND THEN LAST SATURDAY WE HOSTED A WORKSHOP ON, UH, NONPROFITS AND FISCAL AGENTS ON THE WEST SIDE AS PART OF THE CITY'S NEW WEST SIDE PROMISE TENURE INITIATIVE TO BRING MORE RESOURCES TO WEST LONG BEACH.
UH, THE WORKSHOP INCLUDED A RESOURCE FAIR WITH SEVERAL, UH, WEST LONG BEACH NONPROFIT ORGANIZATIONS SHARING INFORMATION ABOUT THEIR PROGRAMS AND SERVICES.
UM, WE HAD PRESENTERS FROM THE NONPROFIT PARTNERSHIP AND THE CORE OF LONG BEACH, UM, TALKING ABOUT THE CORE OF LONG BEACH'S SPONSORSHIP GRANTS.
UM, AND, UM, YOU'LL BE HEARING MORE ABOUT WESTSIDE PROMISE ACTIVITIES AS WE, UH, MOVE FORWARD.
SO THERE'S NO MORE FURTHER ANNOUNCEMENTS.
THAT CONCLUDES TODAY'S MEETING.
AND IF THERE'S NO OBJECTION, I DECLARE THE MEETING TO BE ADJOURNED.